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Blink Charging Co. - BLNK STOCK NEWS

Welcome to our dedicated page for Blink Charging Co. news (Ticker: BLNK), a resource for investors and traders seeking the latest updates and insights on Blink Charging Co. stock.

Blink Charging Co. (NASDAQ: BLNK, BLNKW) is a prominent leader in the public electric vehicle (EV) charging sector in the United States. Headquartered in Florida, with additional offices in Arizona and California, Blink Charging is dedicated to accelerating the adoption of public EV charging. The company provides a range of EV charging equipment and connectivity solutions through its cloud-based Blink Network, which operates, manages, and tracks Blink EV charging stations and all associated data.

Blink Charging caters to a wide array of property partners, including multifamily residential complexes, commercial properties, airports, colleges, municipalities, parking garages, shopping malls, retail parking areas, schools, and workplaces. This diverse presence ensures that EV drivers can easily recharge their vehicles at a variety of convenient locations.

The company’s core business revolves around the sale and distribution of EV charging equipment and the revenues generated from customers and property partners who utilize equipment connected to its network. Blink Charging not only sells and installs charging stations but also offers a comprehensive suite of services to maintain and optimize their operation.

One of Blink Charging’s recent achievements includes the initial steps to provide twelve chargers at a high-volume sorting center in Rugby, UK. This marks a significant step in expanding their footprint beyond the United States. Additionally, the company has introduced Blink Care, an optional maintenance program designed to minimize charger downtime and enhance the overall charging experience for users.

Blink Charging’s strategic vision is further evidenced by its selection as one of the EV charging providers designated to support a more sustainable future by expanding charging infrastructure. Financially, Blink Charging maintains a robust position, with substantial proceeds from recent initiatives aimed at bolstering its market presence.

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Royal Farms selects Blink Charging to provide EV charging solutions at their locations in Maryland and Delaware.
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Blink Charging Co. announces changes to executive leadership team and plans to focus on enhancing synergies and cost efficiencies following record Q2 earnings of nearly $33 million. The company aims to drive revenue generation, in-house production, customer service enhancements, and market share gains.
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Blink Charging Co. announces CEO's presentation at H.C. Wainwright Conference
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Blink Charging Co. has been selected as a State Contract Awardee by the Utah Division of Purchasing, prioritizing their products and services for government agencies in Utah. Salt Lake City International Airport has already deployed ten of Blink's chargers through the contract. Blink's Q2 2023 earnings were strong, with total revenues reaching nearly $33 million for the quarter. The company has raised its 2023 revenue target and aims to achieve a positive adjusted EBITDA break-even run rate by December 2024.
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Blink Charging Co. CEO to discuss strategy and recent developments at Barclays conference.
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Blink Charging appoints Aric Ohana as President of Blink Mobility, signaling growth in the electric car-sharing market. Ohana will lead the company's expansion and advance EV adoption. Blink Mobility aims to be the market leader with the merger of Envoy and BlueLA. Blink Mobility was awarded $7.5 million in RGGI auction proceeds to bring electric car-sharing to New Jersey communities. Blink Charging plans to spin off Blink Mobility as a pro rata dividend to existing shareholders.
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Blink announces two-year contract with TVA for EV charging solutions, including Level 2 and DC Fast Chargers
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Blink Charging announces agreement with Arcos Dorados to provide EV charging solutions to five McDonald's restaurants in Puerto Rico.
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Blink Charging announces the launch of its new website dedicated to the Mexican market, aiming to expand its presence in Mexico and throughout Latin America. Mexico's EV sales have been growing rapidly, and the country is expected to become one of the top three leading EV markets in the LATAM region. The new website includes a Whatsapp feature for real-time customer support. Mexico has become a leader in EV production, with the government aiming for 50% of all domestic car sales to be EVs by 2030. Blink offers a wide range of EV chargers tailored for the Mexican market and the broader LATAM region.
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Blink Charging is expanding its footprint in Latin America to become a leader in the growing EV charging market. Latin America saw a 57% surge in EV charger sales in Q1 2023. Blink has sold or deployed over 2,100 EV chargers across eight countries in the region. The company offers a wide range of state-of-the-art and user-friendly chargers tailored to different plug types commonly found in LATAM. Blink plans to launch chargers equipped with GB/T plugs to meet the demand for Chinese-manufactured EVs. The company is also focused on education and knowledge collaboration to promote widespread EV adoption.
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FAQ

What is the current stock price of Blink Charging Co. (BLNK)?

The current stock price of Blink Charging Co. (BLNK) is $1.49 as of December 20, 2024.

What is the market cap of Blink Charging Co. (BLNK)?

The market cap of Blink Charging Co. (BLNK) is approximately 147.7M.

What does Blink Charging Co. do?

Blink Charging Co. provides public electric vehicle (EV) charging equipment and cloud-based software to manage and operate EV charging stations.

Where is Blink Charging Co. headquartered?

Blink Charging Co. is headquartered in Florida, with additional offices in Arizona and California.

What services does Blink Charging offer?

Blink Charging offers a range of EV charging equipment, connectivity through the Blink Network, and a maintenance program called Blink Care.

Who are Blink Charging’s property partners?

Blink Charging’s property partners include multifamily residential complexes, commercial properties, airports, colleges, municipalities, parking garages, shopping malls, retail parking areas, schools, and workplaces.

What is the Blink Network?

The Blink Network is a cloud-based software platform that operates, manages, and tracks Blink EV charging stations and associated data.

How does Blink Charging generate revenue?

Blink Charging generates revenue through the sale and distribution of EV charging equipment and from customers and property partners who use its network-connected equipment.

What recent expansion has Blink Charging undertaken?

Recently, Blink Charging began the installation of twelve chargers at a high-volume sorting center in Rugby, UK.

What is Blink Care?

Blink Care is an optional maintenance program designed to reduce charger downtime and provide a seamless charging experience.

What is Blink Charging’s latest achievement?

Blink Charging was chosen as one of the EV charging providers designated to expand charging infrastructure and support a more sustainable future.

How can I contact Blink Charging for media inquiries?

For media inquiries, contact Nipunika Coe at PR@BlinkCharging.com or call 305-521-0200 ext. 266.

Blink Charging Co.

Nasdaq:BLNK

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147.72M
95.31M
5.81%
37.9%
24.06%
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